Tax Lien On Condo Common Areas
Has anyone ever bought a tax lien on a condo common area?
If you end up with the property wouldn't the association have to buy it back.
Thanks
Has anyone ever bought a tax lien on a condo common area?
If you end up with the property wouldn't the association have to buy it back.
Thanks
john briscoe--(WA)
Why would you expect that? I'm sure there would be no law requiring it. They would only have to do so if they wanted to do so. If they wanted to keep the property, why did they let it go? They continue to use the space and you pay the taxes. Sounds like their motivation to buy back from you might be minimal.
Good Investing************Ron Starr************
konw a person that got a apartment complex for 3500 and now rents the 20 apartments for 450-550 a piece u do the math. residual income and small fee to a realestate agenncy and no bs niceand sweet
Hi John,
Not too sure about that one but it wouldnt hurt to ask them if they want it back or what theyre intentions are. What kind of common area is it? a swimming pool, tennis court, parking lot for building?
Benny